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13 Nov 2008 04:50 pm

Saving The Rust Belt

Felix Salmon makes a list of reasons to bailout GM, while Henry Blodget still wants bankruptcy:

We stress that, in recommending the bankruptcy option, we are not suggesting that the government abandon GM's workers: We'd rather the government spend billions on retraining and job placement than on propping up perpetually weak companies that can't fix themselves.

I'm with Blodget.

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